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Riviera Beach Community Development Corporation Renaissance Program

Riviera Beach Community Development Corporation Renaissance Program is a deferred second loan for homebuyers in Riviera Beach, Florida.

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The program asks for

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course
  • A home inside Riviera Beach city limits

It doesn’t cover

  • Households above 120% of area median income
  • Homes outside Riviera Beach

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Income limit

120% of Palm Beach County’s area median income

HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.

$107,600
Area median income, 4-person household (HUD, 2026)
Income limits in Florida

Where it applies

Riviera Beach’s homes

  • 41.1% single-family
  • 9.6% townhouse
  • 13% 2–4 units
  • 31.1% 5+ units
  • 5.2% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$354,500

Riviera Beach median home value

47.8%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in Riviera Beach

How to apply

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Free course · 10 minRiviera Beach Community Development Corporation Renaissance Program, explained

Questions about this program

What is Riviera Beach Community Development Corporation Renaissance Program?

Riviera Beach Community Development Corporation Renaissance Program is a deferred second loan for homebuyers in Riviera Beach, Florida. Riviera Beach CDC provides gap financing of up to $35,000 for eligible homebuyers through the Renaissance Program, targeted to Riviera Beach residents and workers. Funding comes from Local.

Do you have to pay it back?

Riviera Beach Community Development Corporation Renaissance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Sale, Refinance, and Transfer of Title. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Riviera Beach Community Development Corporation Renaissance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required.

What are the income limits?

Riviera Beach Community Development Corporation Renaissance Program limits household income to 120% of the area median income, which varies by county and household size. Income up to 120% AMI for Palm Beach County. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Riviera Beach Community Development Corporation Renaissance Program can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Riviera Beach Community Development Corporation Renaissance Program serves homebuyers purchasing in Riviera Beach, Florida.

How do you apply?

Applications for Riviera Beach Community Development Corporation Renaissance Program go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for Riviera Beach homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 94 programs for Riviera Beach

Program terms are set by the administering agency and can change; confirm on the official site before you apply.